Singapore investment company to develop Bintan Island into aviation hub

Garuda-CRJ1000-728x428

Singapore investment company Gallant Venture is tying up with flag carrier PT Garuda Indonesia to develop Bintan Island.

The plan is to turn Bintan Island into a tourism and aviation hub.

Both companies signed a memorandum of understanding at the Singapore Airshow 2014 on Tuesday.

As part of the partnership, Garuda Indonesia and Gallant Venture will jointly develop Bintan Island as the airline’s new hub.

This includes a dedicated airport for Garuda and its subsidiaries, as well as a new centre for aircraft maintenance.

Garuda Indonesia will then promote Bintan as an international tourism destination, and help develop its connectivity both outbound and inbound.

The first phase will include the development of one runway and one terminal.

In a joint statement, both companies said Bintan Airport has enough land to develop into a multi-terminal airport with two runways.

The airport terminal will also be connected to a ferry terminal which will service Singapore and Batam.

Gallant Venture — through its subsidiary company — currently already operates ferry services between Bintan and Singapore’s Tanah Merah Ferry Terminal.

Gallant Venture’s CEO Mr Eugene Park said in the joint statement: “Garuda Indonesia’s operations and the aerospace industrial park in Bintan will boost the economy here and create substantial job opportunities as well as upgrading skill sets and standard of living for the people in the Riau Islands.

 

 

 

Source : Channel News Asia | February 11, 2014

Advertisements

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business, Economy, Global Sourcing and tagged , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s